Avior Wealth Management LLC Sells 400 Shares of RB Global, Inc. (NYSE:RBA)

Avior Wealth Management LLC decreased its position in RB Global, Inc. (NYSE:RBA) (TSE:RBA) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,214 shares of the business services provider’s stock after selling 400 shares during the quarter. Avior Wealth Management LLC’s holdings in RB Global were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arlington Partners LLC grew its stake in shares of RB Global by 22.3% in the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider’s stock worth $3,958,000 after acquiring an additional 8,961 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of RB Global in the 4th quarter worth $27,000. CIBC Asset Management Inc grew its stake in shares of RB Global by 57.1% in the 3rd quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider’s stock worth $80,076,000 after acquiring an additional 357,761 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of RB Global by 53.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider’s stock worth $4,805,000 after acquiring an additional 20,795 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of RB Global by 48.9% in the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider’s stock worth $5,694,000 after acquiring an additional 20,724 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of RB Global from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Royal Bank of Canada increased their price target on shares of RB Global from $99.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets increased their price target on shares of RB Global from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. CIBC increased their price target on shares of RB Global from $102.00 to $109.00 and gave the company an “outperformer” rating in a research report on Thursday, December 12th. Finally, StockNews.com lowered shares of RB Global from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, RB Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.36.

RB Global Price Performance

NYSE RBA opened at $90.33 on Friday. The company has a market cap of $16.69 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 3.39 and a beta of 0.96. RB Global, Inc. has a 52 week low of $60.84 and a 52 week high of $99.79. The company has a quick ratio of 1.17, a current ratio of 1.28 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $92.96 and its two-hundred day simple moving average is $86.34.

RB Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 6th. RB Global’s dividend payout ratio (DPR) is presently 63.04%.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.